Portfolio

Bay Street Emeryville

Emeryville, California


Market: S.F. Bay Area

Type: Mixed-Use, Multifamily, Retail

Role: Developer, Development Partner

Status: Development completed in 2002 and 2006

“Urban village” developed on a former industrial brownfield site near the eastern approach to the San Francisco-Oakland Bay Bridge.

Property Size

  • 365,400 square feet of retail space
  • 284 rental apartments
  • 95 for-sale residential condominiums

Local Population Density

  • 6,600 people/square mile

Highlights

  • Invested in the development of the retail component and served as developer of the residential component through separate ventures with Madison Marquette Realty Services.
  • The site, which had been home to a paint factory and fertilizer plant in years past, required extensive environmental remediation before construction began.
  • Lifestyle/urban-streetscape retail set along three city blocks connected by a main street (Bay Street), with two to four stories of residential space atop the retail shops.
  • The retail component was completed in 2002 and features more than 60 stores and restaurants, along with a 16-screen movie theater. Key tenants include AMC Theatres, Apple Store, Banana Republic, Barnes & Noble, Coach, Gap, Old Navy, PF Chang’s China Bistro, Pottery Barn and Williams-Sonoma.
  • Completed in 2006, the residential component consists of two-story condominium town homes above the shops on the west side of Bay Street and four stories of rental apartments on the east side of the street.
  • Construction of the apartments was financed through proceeds from the sale of tax-exempt bonds; 20% of the units are designated as affordable housing for low- and moderate-income residents.

Awards & Honors

  • Honored as Best Mixed-Use Development, Northern California, for 2007 by California Construction.
  • Winner, 2007 Mixed-Use Design Excellence Award given by Multi-Housing News.
  • Named 2006 Market-Rate Residential Real Estate Deal of the Year for the Oakland/Inner East Bay area by the San Francisco Business Times. Read the Business Times’ article here.
  • Named 2002 Best New Retail Development of the Year by the San Francisco Business Times.

Related Websites

 

Walk Score:  81     |    Transit Score:  n/a     |     Bike Score:  n/a